The company's humble beginnings date back to 1994 when Liang Wengen, with his extensive experience in the construction industry, founded Sany Heavy Industry Co., Ltd. Initially, the company focused on manufacturing concrete pumps and mixers, gradually expanding its product line to include cranes, excavators, and other heavy machinery by 1995.
In 1997, Sany made its initial public offering (IPO) on the Shanghai stock exchange, raising $10 million. This marked a significant milestone in the company's growth, providing the necessary capital to fuel its expansion plans.